KLCM Advisors Inc. Has $10.13 Million Stake in General Motors (NYSE:GM)

KLCM Advisors Inc. lowered its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 6.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 190,096 shares of the auto manufacturer’s stock after selling 13,596 shares during the quarter. General Motors comprises approximately 1.2% of KLCM Advisors Inc.’s investment portfolio, making the stock its 26th biggest position. KLCM Advisors Inc.’s holdings in General Motors were worth $10,126,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in GM. Geode Capital Management LLC grew its holdings in shares of General Motors by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 23,620,533 shares of the auto manufacturer’s stock worth $1,055,395,000 after purchasing an additional 106,878 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in General Motors by 6.1% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 17,278,448 shares of the auto manufacturer’s stock worth $774,766,000 after purchasing an additional 989,750 shares during the period. Diamond Hill Capital Management Inc. grew its stake in General Motors by 3.9% during the third quarter. Diamond Hill Capital Management Inc. now owns 11,113,063 shares of the auto manufacturer’s stock worth $498,310,000 after buying an additional 421,989 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in General Motors by 6.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 5,798,131 shares of the auto manufacturer’s stock valued at $259,988,000 after buying an additional 358,507 shares during the period. Finally, AustralianSuper Pty Ltd raised its position in shares of General Motors by 35.8% in the 4th quarter. AustralianSuper Pty Ltd now owns 4,399,549 shares of the auto manufacturer’s stock valued at $234,364,000 after buying an additional 1,159,958 shares in the last quarter. Institutional investors own 92.67% of the company’s stock.

General Motors Trading Up 0.9 %

Shares of GM stock opened at $48.33 on Monday. The stock has a 50-day moving average of $51.16 and a 200-day moving average of $50.02. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38. The stock has a market cap of $48.09 billion, a price-to-earnings ratio of 7.86, a PEG ratio of 0.68 and a beta of 1.40. General Motors has a 1-year low of $38.13 and a 1-year high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. On average, equities research analysts forecast that General Motors will post 11.28 earnings per share for the current year.

General Motors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a yield of 0.99%. General Motors’s dividend payout ratio (DPR) is currently 7.80%.

Analyst Ratings Changes

A number of brokerages recently issued reports on GM. UBS Group lifted their price objective on shares of General Motors from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. StockNews.com lowered General Motors from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Royal Bank of Canada upped their price objective on General Motors from $58.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Barclays lifted their target price on General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Sanford C. Bernstein increased their target price on shares of General Motors from $53.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday, October 25th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $59.71.

Insiders Place Their Bets

In related news, EVP Rory Harvey sold 8,919 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $60.01, for a total transaction of $535,229.19. Following the transaction, the executive vice president now directly owns 8,513 shares of the company’s stock, valued at $510,865.13. This represents a 51.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alfred F. Kelly, Jr. purchased 12,000 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was bought at an average cost of $50.66 per share, with a total value of $607,920.00. Following the completion of the purchase, the director now owns 13,714 shares of the company’s stock, valued at approximately $694,751.24. This represents a 700.12 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.72% of the company’s stock.

General Motors Company Profile

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.